Company (Symbol)

Offer Date

Number Shares/Units (M)

Price Per ($M)*

Gross ($M)

Net Out (M)

Shares

Fully Diluted Share/Unit ($)

Post-Offering Market Cap ($M)

Lead UnderWriter

Other UnderWriters

CV Therapeutics Inc. (CVTX)

1/22

2.58

$8.25

$21.2

$19.7

11.0

13.9

91

JPM

UBS, IA

Pharmacyclics Inc. (PCYC)

1/30

2.01S

$21.75

$43.8

$40.9

12.2

13.6

264

HQ

CC, PGE

GelTex Pharmaceuticals Inc. (GELX)

3/19

3.0S

$27.00

$81.0

$62.3

16.1

17.6

436

CC

CIBCO,HQ

NeuroSearch A/S (1)

3/31

0.44S

$81.03

$35.3

$33.3

6.3

ND

510

SBCW

UBS,CB, AS

Triangle Pharmaceuticals Inc. (VIRS)

4/9

4.03S

$15.00

$60.4

$55.8

24.0

29.3

360

SBCW

BS, VSI

Gliatech Inc. (GLIA)

6/19

1.73S

$12.00

$20.7

$19.7

9.3

10.5

112

CC

FS, VSI

QLT PhotoTherapeutics Inc. (QLTIF) (2)

7/24

1.0S

$15.33

$15.3

$14.7

27.2

ND

417

NB

SMcL

Coulter Pharmaceutical Inc. (CLTR)

7/31

2.65S

$25.00

$66.1

$62.8

16.3

18.5

407

BTAB

HQ, PGE, PJI

Anesta Corp. (NSTA) (3)

12/17

2.8S

$21.25

$59.5

$55.6

12.4

14.1

264

BRS

VBW

1998 FOLLOW-ON TOTAL: $403.3M

NOTES:

* Number of shares (or units) sold in the offering includes those sold to satisfy overallotment options, in full or in part, where applicable. Likewise, gross proceeds include revenues for the sale of shares (or units) to satisfy overallotment options, in full or in part, where applicable.

(1) NeuroSearch A/S' global follow-on offering consisted of a public offering and an institutional offering in Denmark and private placements outside Denmark. NeuroSearch's common shares are listed on the Copenhagen Stock Exchange. Prices have been converted at an exchange rate of DKr6.788/US$1.

(2) QLT PhotoTherapeutics Inc.'s follow-on offering was conducted in Canada. Prices have been converted at an exchange rate of C$1.5/US$1.

(3) Anesta Corp.'s follow-on stock offering consisted of a total of 3M shares. The company sold 2.8M shares and selling stockholders sold an additional 0.2M.